UAE Raises its Ownership in ADIB Egypt to Exceed 52%

The UAE-based ADIB has just announced the rise of its ownership in Egypt’s Abu Dhabi Islamic Bank, after acquiring nearly 9.6 M of the bank’s share in Egypt, which represents 2.4% of Egypt’s share.

The new ownership rate reached approximately 52.607%. Sources confirmed the news about the new deal early Thursday, Jan 5, according to the bank’s statement to the Abu Dhabi Securities Exchange (ADX).